SM Offices, the commercial property unit of SM Prime Holdings Inc., said Wednesday that it had fully leased its Silangan warehouse complex in Laguna.
This was said to have been driven by growing demand from e-commerce, manufacturing and recent government land-lease policy changes.
The Silangan facility consists of two warehouses with a combined gross leasable area of more than 130,000 square meters, 86,000 of which were recently leased under a multiyear agreement.
“The size and location of our warehouse facilities make them well-suited to logistics operators that require scale, accessibility and operational efficiency,” SM Offices Vice President Alexis Ortiga said.
“Our facilities and locations can support uses ranging from dry and cold storage to data centers and distribution hubs. These are asset types that benefit from long-term planning and operating certainty.
The complex is located less than five minutes from the Silangan Exit along the South Luzon Expressway and under an hour from Makati.
It features wide internal circulation for heavy vehicles and cross-docking system for faster turnaround times.
With Silangan fully leased, SM Offices is now offering ready-to-move-in facilities in Pasig and Taguig.
The Pasig and Taguig plants include a C-5 Road warehouse on a 4-hectare site with over 20,000 square meters of floor area, multiple loading bays and dedicated truck maneuvering areas.
SM Offices said that it also had build-to-suit industrial sites in Parañaque, Laguna, Cavite, Tarlac, Iloilo and Davao, located near major expressways, ports and airports.
SM Prime Holdings’ share price was unchanged at P19.60 each on Wednesday.